EasyDeFi Project Decentralization plans

in LeoFinance11 months ago

Decentralization ideas

  • I am currently working on decentralization ideas and additional products.
  • the two ideas I have is a tokenized version of Group A.

Tokenized Group A through Hive-Engine Token EZ

  • @easydefi would issue a new token called EZ
  • It could be purchased on Hive-Engine and there would be a beginning buy wall and sell wall at one HBD, so you pay one HBD and you can get one HBD back if you need to pull your funds out in the first month.
  • The HBD would then be invested in Cubfinance in a stablecoin Liquidity pool, so the funds would be safe from volatility, and earn a 24% to 28% APR return. Each month earnings would be deposited into the LP position growing it and growing the value of EZ token, which would increase in value each month.
  • So for example if the monthly APR was 2.8%, at the end of the first month the token would be worth 1.028 HBD and both the sell wall and the buy wall would change in price to 1.028 HBD. so all new investors would now buy EZ tokens for 1.028 HBD and all old investors would be able to cash out at 1.028 or let it grow.

This decentralized the project in a few ways:

  • First, investors would no longer send funds to @easydefi, they would buy the tokens on Hive-Engine exchange.
  • Second, investors can sell back the token whenever they want, so the investor doesn’t have wait for @easydegi to send their money back.
  • Third, investors can take profit anytime they want. By selling a portion of their tokens or all of them, depending on their needs.
  • @easydefi will always provide liquidity at the sell Wall price.
  • Fourth, investors don’t have ask @easydefi how their investment is doing, they just check the token sell Wall price and that is the current value of their token. For example at the end of the year, if the earnings were an APR of 28% the value of EZ token would be 1.28 HBD.
  • Fifth, The Investor could sell some tokens to take profit and let the rest stay in the pool earning interest and growing in value.

Remaing Centralized Features

  • The only centralized features would be the sell wall and buy wall.
  • @easydegi would no longer produce a ledger with names on it, and no longer distribute earnings once a month.
  • This would provide anonymity to investors, stability from Stablecoins, and steady gains.
  • The value of Cub token is low now, but now that it is deflationary I expect its value to grow over time.
  • I would need to open a separate account to hold the EZ tokens, and change it every month to reduce the risk of a hack and theft of the tokens for sale.
  • Overtime as the project grows, the token price on Hive-Engine may be influenced by people wanting to buy a token with a limited supply.
  • I will use HBD because I think you can buy stuff on Hive-Engine with it.
  • Comments?

Posted Using LeoFinance Alpha

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#easydefi
The home of the EasyDeFi Two Step process into DeFi
#shortsegments

Yep the Two Step a good marketing point

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